October 1, 2025
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Why in news?
- Government of India & European Investment Bank (EIB) recently signed finance contract for first tranche loan of Euro 250 million for Agra Metro Rail project
About the contract
- Government of India & European Investment Bank sign finance contract for first tranche loan of Euro 250 million for Agra Metro Rail project
- EIB had approved a total loan of Euro 450 million to fund the Agra Metro Rail Project.
- The project aims to provide a safe, reliable, affordable, and environment-friendly public Mass Rapid Transit System for Agra city which will improve mobility and support endeavor for planned urban development in Agra, according to the statement.
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